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On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight .The maturity date of the bill will be:
  • a)
    24.3.05
  • b)
    22.3.05
  • c)
    26.3.05
  • d)
    21.3.05
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 2...
The correct option is Option C.
The bill was accepted on 21.2.05 
So, we count from 22.2.05
Now, this is drawn for 30 days + maturity day (3 days) which makes it 26.3.05
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Most Upvoted Answer
On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 2...
The correct option is Option C.
The bill was accepted on 21.2.05 
So, we count from 22.2.05
Now, this is drawn for 30 days + maturity day (3 days) which makes it 26.3.05
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Community Answer
On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 2...
Yes bcoz maturity date will be 23-3-05 and 3 grace days then it will be 26.3.05
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On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight .The maturity date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer?
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On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight .The maturity date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? for CA Foundation 2025 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight .The maturity date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for On 18.2.05 A draw a bill on B for Rs. 10,000. B accepted the bill on 21.2.05. The bill is drawn for 30 days after sight .The maturity date of the bill will be:a)24.3.05b)22.3.05c)26.3.05d)21.3.05Correct answer is option 'C'. Can you explain this answer?.
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